The Economic Stimulus Package
First a little housecleaning:
1) If you participate in Ebay at all, please sign this petition and join the boycott.
2) I was quite surprised when Mitt Romney stepped down. I see only marginal differences between McCain and Hillary and I will vote for Hillary if McCain takes the nomination. I am, by the way, a moderate Republican but I am liberal in areas McCain is conservative in, and conservative in areas he's liberal in. I feel no connection whatsoever with John McCain and am not one of those do-or-die party loyalists. (I'm not mentioning Huckabee here because I don't think he has a chance. I would have voted for Romney in the Presidential elections, which might surprise some of you).
It's a Friday morning in February and the fog and gloom is outdoors and it seems to permeate the day.
Yesterday I dropped off a few business checks at the bank and stopped by a major outlet store where I often find good deals to sell on Ebay.
As I am a regular, I have made 'friends' with some of the employees there and we often chat about miscellaneous things as I shop. This time I was speaking with William, an 81 year old man with a sparkling wit. I adore William, and would marry him in a minute if he weren't already married and 81 years old. William is one of those rare men with a marvellous personality that lights up a room. I have never asked what he did for a living, but I assume it somehow involved interracting with the public.
William was rather grim that day, however. Somehow the discussion fell upon the economy (perhaps because there were so few shoppers there). He told me that he and his wife were seriously discussing cutting back and saving. We discussed the reasons for doing so. We also discussed the conundrum Americans as a whole face: Should they be spending or saving instead?
Of course we are told we can't stop spending. The new economic stimulus package which was passed yesterday is created based on the hope that spending will increase with a better tax refund.
On the other hand, some pundits are pointing out that people lose jobs during recessions and depressions and they're recommending that everyone start saving for the potential lay-offs.
What to do?
There are no easy answers right now, but personally I am leaning toward cutting back on spending for now.
Meanwhile, it's fine to give us back some of our money, but it doesn't alter the fact that we're in terrible debt as a nation. Is Congress also going to stop all this horrific spending?! They're spending money like a lottery-winner in a whorehouse. Until they can control themselves, the root of the problem will continue to exist: Trim the tree down to the ground, but you haven't destroyed it until you've uprooted it.